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Financial
Distress signals
Property profile

388 Communipaw Ave 8001 Jersey City, NJ 07304

OFF-MARKET
Office Spaces
Property ID
US59-2711822
1,210 SF 0.06 ac lot Built 2000
Last sale Jan 2014 · $955,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Jersey City property offers a unique opportunity for a restaurant, café, or other hospitality business. Located at 388 Communipaw Avenue, this single-tenant space boasts 1,200 square feet on the main level, complemented by a spacious 2,000-square-foot basement and a private 150-square-foot courtyard. The flexible layout allows for customization to suit various concepts. Situated between Downtown Jersey City and the Canal Crossing Redevelopment Plan, this corner unit benefits…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$6k
Tax billed · 2022
Assessed value · 2023$265k
Assessed land$111k
Assessed improvement$154k
Effective rate2.12%

Value estimate

· Oct 2026
$730k
$657k – $803k
AI approach$785k
Submarket $/SF estimate$428k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$512/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$241 – $910
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHUDSON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm39.3
Pawn Shop10.6
Carpet & Flooring Store9.9

Location

388 Communipaw Ave, Unit 8001 Jersey City, NJ 07304-3646
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 16 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
704 Grand, Jersey City, NJ 07304-3431 $380,000 Oct 2023 750 SF
673 Bergen, Jersey City, NJ 07304-2645 $219,000 Feb 2023 639 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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